Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Euro/Kenyan Shilling (FOREX:EURKES)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURKES
The long term trend has been DOWN since Nov 6th, 2017 at 120.08
The intermediate term trend has been UP since Nov 15th, 2017 at 122.75
The short term trend has been DOWN since Nov 20th, 2017 at 121.91
Smart Scan Analysis for EURKES
Based on a pre-defined weighted trend formula for chart analysis, EURKES scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).